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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
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Andrew D. Brockway

Education, Lawsuit & Dispute, Estate, Divorce & Family Law, Divorce

Status: In Good Standing

FREE CONSULTATION

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121 Bridge Street, Plattsburgh, NY 12901

Andrew John Wylie

Health Care, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 37 Years

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137 Margaret St, Plattsburgh, NY 12901

Andrew Christopher Heinegg

Landlord-Tenant, Real Estate, Estate, Business

Status: Suspended Licensed: 48 Years

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75 1/2 Leroy St, Potsdam, NY 13676

Ara Asadourian

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 62 Years

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One Cumberland Avenue, Plattsburgh, NY 12901

Carl J. Rubino

Real Estate, Industry Specialties, Estate, Accident & Injury

Status: In Good Standing Licensed: 51 Years

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Wilmington, NY 12997

Christopher Edwin Cooper

Real Estate, Government, Estate

Status: In Good Standing Licensed: 16 Years

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1133 Ny Route 86, Ray Brook, NY 12977

David E. Laplant

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 29 Years

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Malone, NY 12953

Edward B. Flink

Traffic, Litigation, Estate Planning, Products Liability, Personal Injury

Status: In Good Standing Licensed: 47 Years

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2577 Main St, Lake Placid, NY 12946

Francis Peter Cappello

Real Estate, Estate, Business

Status: In Good Standing Licensed: 52 Years

CONTACT

76 Market St, Potsdam, NY 13676

Gary L. Favro

Real Estate, Estate, Business

Status: In Good Standing Licensed: 48 Years

CONTACT

46 Court St, Plattsburgh, NY 12901

800-923-0641

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LEGAL TERMS

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Rainbow Lake Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew D. Brockway

Andrew John Wylie

Andrew Christopher Heinegg

Ara Asadourian

Carl J. Rubino

Christopher Edwin Cooper

David E. Laplant

Edward B. Flink

Francis Peter Cappello

Gary L. Favro

TIPS

LEGAL TERMS

REMAINDERMAN

GENERATION-SKIPPING TRANSFER TAX

PREDECEASED SPOUSE

TRUSTEE POWERS

RULE AGAINST PERPETUITIES

PER STIRPES

GRANTOR RETAINED INCOME TRUST

ADMINISTRATION (OF AN ESTATE)

WARRANTY DEED

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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